Quarterly report pursuant to Section 13 or 15(d)

Inventories

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Inventories
 6 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Inventories
5. Inventories ● Inventory consists of the following at December 31, 2019 and June 30, 2019,

 

    December 31,
2019		     June 30,
2019		  
Finished goods – bars   $ -     $ 30,800  
Finished goods - ice cream     348,199       346,229  
Raw material – ingredients     17,918       25,477  
Packaging     8,406       3,933  
TOTAL   $ 374,523     $ 406,439  

  

      Inventories are stated at the lower of cost or net realizable value. The Company periodically reviews the value of items in inventory and provides write-downs or write-offs of inventory based on its assessment of market conditions and the products relative shelf life. Write-downs and write-offs are charged to loss on inventory write down.